MKS (MKSI) FY2015 results: revenue $814 million, up 4.2% on the year
MKS Inc. (MKSI) reported revenue of $814 million for fiscal 2015, the year ended 31 December 2015, up 4.2% on the year before. Net income was $122 million, up 5.6%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$814 million
+4.2% on the year
FY2008FY2015
Operating margin
19.3%
17.3% a year earlier
FY2008FY2015
Net income
$122 million
+5.6% on the year
FY2008FY2015
Diluted EPS
$2.28
+5.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
814
781
669
+4.2%
Cost of revenue
451
443
403
+1.7%
Gross profit
363
338
267
+7.4%
Gross margin
44.6%
43.3%
39.8%
Research and development
68.3
62.9
63.6
+8.6%
Selling, general and administrative
129
132
142
-2.1%
Operating income
157
135
58.4
+15.9%
Operating margin
19.3%
17.3%
8.7%
Interest expense
0.1
0.1
0.1
+98.6%
Pre-tax income
159
136
59.3
+16.9%
Income tax
37.2
20.6
23.5
+80.3%
Effective tax rate
23.3%
15.1%
39.7%
Net income
122
116
35.8
+5.6%
Net margin
15.0%
14.8%
5.3%
Diluted EPS
$2.28
$2.16
$0.67
+5.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
138
102
76.1
+35.7%
Capital expenditure
12.4
13.2
12.4
-5.8%
Free cash flow
126
88.7
63.7
+41.9%
Free cash flow margin
15.5%
11.4%
9.5%
Cash from investing
n/a
n/a
-36.5
Cash from financing
n/a
n/a
-37.1
Depreciation and amortisation
22.1
20.5
17.1
+7.7%
Share-based compensation
13.0
11.3
14.0
+15.0%
Buybacks
13.3
20.8
2.9
-36.1%
Dividends paid
36.0
34.9
34.0
+3.2%
Dividend per share
$0.68
$0.66
$0.64
+3.1%
Diluted shares, weighted
54m
54m
53m
+0.1%
Shares outstanding at period end
53m
53m
53m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,161
1,082
1,022
+7.3%
Debt
0.0
0.0
0.0
Other liabilities
112
142
191
-20.9%
Total liabilities and equity
1,273
1,224
1,213
+4.0%
Fixed assets
68.9
72.8
77.5
-5.4%
Goodwill
200
192
151
+3.8%
Intangible assets
44.0
46.4
13.1
-5.1%
Investments
431
444
361
-3.0%
Cash and equivalents
228
305
289
-25.5%
Receivables
102
106
117
-4.2%
Inventory
153
155
143
-1.6%
Other assets
48.0
n/a
62.0
Total assets
1,273
1,224
1,213
+4.0%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.